Card 10 / 34: A prospective purchaser is the sole stockholder in a small plumbing company. He wants to purchase a timeshare and use it as an employee incentive. As the company will be paying part of the cost of the timeshare, he wants to own it in joint tenancy with his corporation. Is this permitted in NV ?
A)
No, corporations can only own real property as a tenant in severality
B)
Yes anyone , included business entities can own a joint tenants.
C)
No only married persons can be joint tenants
D)
No, one has to be a human being in joint tenancy
Answer:
D) No, one has to be a human being in joint tenancy
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